Premier Mortgage Service has increased its mortgage completions by almost 4bn compared with the same period last year.Figures from its half-year results show completions of 16.7bn from January to June, compared with 13bn last year. Applications in the first half of last year stood at 18bn, compared with 22.8bn in the first half of 2006. PMS says the results puts it in a good position to achieve its full-year target of 44bn applications and 33bn of completions. It says it has been further encouraged in the first six months of the year by the excellent support it has received from the lenders on its panel and its database of directly authorised intermediaries. PMS will shortly be moving to bigger premises in Birmingham to further develop its proposition. John Malone, managing director of PMS, says: “Our half-year results are in line with what’s happening in the industry as a whole. It has surprised many how robust the property and mortgage markets have been since the start of the year.”
BDS Mortgage Group has launched a range of minus base rate products from BM Solutions. The three products track the base rate with a minus percentage. The base rate minus 0.21% deal for two years is fees-free up to 90% LTV, the base rate minus 0.51% product for two years has a 1,499 fee, and […]
The commercial finance broking industry stands at a crossroad. Intermediaries have existed for many years but customer loyalty to banks has meant that only a small percentage (about 15%) of commercial mortgage business is written through brokers.
With the Conservatives pretty much having free reign to make political capital out of the housing market over the last couple of months, it was perhaps unsurprising that someone from the Labour Party finally struck back.
A report published this morning by the CIPD (CIPD Employee Outlook March 2015) provides yet more interesting data to the changing landscape of retirement planning. It should be remembered that we are in a period of genuine flux here given that the default retirement age was scrapped three years ago, and new pension freedoms come online in April. Both of these alterations will have a huge impact on how employees plan for their retirement.
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